What type of coverage do you need?

Long term care insurance is a type of insurance that goes beyond medical care specifically to cover the cost of long-term services. You can receive long term care while in a nursing home or in your own home.

Long term care is one of the largest financial risks that many Americans face. Nursing home costs can vary, yet they average about $6,350 a month, which can cost between $60,000-$70,000 a year, or more. Those that receive their long-term care service at home spend on average $1,600 a month.

What does Long Term Care coverage do for me?

  • helps to preserve your assets
  • allows you and your family to choose your place of care and have control of the care you need
  • helps you to maintain your independence
  • alleviates the financial burden on your children and family
  • provides peace of mind
  • contributes to your overall financial plan

With medical innovations and the average American living longer, there is a greater chance you will need some form of long-term care.

Did you know:

  1. More than half of the US population will require some type of long term care during their lives.
  2. One of five Americans over the age of 50 is at risk at needing long term care in the next 12 months.
  3. By 2020, one out of six Americans will be 65 or older and mroe than 12 million will require long term care.
  4. 40% of people currently receiving long-term care are adults 18 to 64 years old.
  5. This years, about 9 million American over the age of 65 will need long-term care services.

Read our next blog when we discuss some of the coverage benefits long-term care provides.

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009

View Mobile Version

Our Customer Feedback

Leave A Review

From Our Blog

Save Money When You SHOP LOCAL

View All of Our Wonderful Pennsylvania Partners
  • Aflac
  • Amercol
  • Grundy
  • Liberty Mutual
  • Selective
  • Erie
  • Foremost
  • Hagerty
  • Ohio
  • Infinity
  • Plymouth Rock
  • Progressive